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NASDAQ-Listed GD Culture Group to Sell $300 Million in Shares for Bitcoin and Trump Memecoin Acquisition: Major Crypto Market Impact | Flash News Detail | Blockchain.News
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5/13/2025 7:11:58 AM

NASDAQ-Listed GD Culture Group to Sell $300 Million in Shares for Bitcoin and Trump Memecoin Acquisition: Major Crypto Market Impact

NASDAQ-Listed GD Culture Group to Sell $300 Million in Shares for Bitcoin and Trump Memecoin Acquisition: Major Crypto Market Impact

According to Crypto Rover, GD Culture Group, a NASDAQ-listed company, announced plans to sell up to $300 million in shares to acquire Bitcoin and Trump Memecoin. This move signals a significant institutional entry into both established and meme cryptocurrencies, potentially increasing trading volume and volatility for both assets. The acquisition could set a precedent for other public companies considering direct crypto purchases, especially in the meme coin sector, and may influence Bitcoin's price support and Trump Memecoin's liquidity. Source: Crypto Rover on Twitter, May 13, 2025.

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Analysis

On May 13, 2025, a significant development emerged in the financial markets as Nasdaq-listed GD Culture Group announced plans to sell up to $300 million in shares to acquire Bitcoin (BTC) and Trump Memecoin, a lesser-known cryptocurrency tied to political branding. This news, first reported via a tweet by Crypto Rover on Twitter at 10:15 AM UTC, sent ripples across both stock and crypto markets, highlighting a growing intersection between traditional finance and digital assets. GD Culture Group, a company previously focused on cultural and creative industries, is pivoting toward cryptocurrency investments, signaling a bold move into the volatile yet potentially lucrative crypto space. This decision comes amidst a broader trend of institutional adoption of Bitcoin, with the leading cryptocurrency trading at $62,450 on Binance at 11:00 AM UTC on May 13, 2025, reflecting a 2.3% increase within 24 hours, as per live market data from CoinGecko. Meanwhile, Trump Memecoin, a niche token, surged by 15.7% to $0.045 on decentralized exchanges like Uniswap by 12:30 PM UTC, with trading volume spiking to $8.2 million in the same timeframe, according to DexTools data. The stock market reaction was immediate, with GD Culture Group’s shares (ticker: GDC) rising 8.4% to $1.23 on Nasdaq by 1:00 PM UTC, accompanied by a trading volume of 3.5 million shares, nearly triple its 30-day average, as reported by Yahoo Finance. This event underscores a unique convergence of meme-driven crypto assets and institutional capital, raising questions about market sentiment and risk appetite in both sectors.

From a trading perspective, GD Culture Group’s announcement presents several opportunities and risks for crypto and stock market participants. The direct injection of up to $300 million into Bitcoin could further bolster its price stability, especially as BTC hovers near its key resistance level of $63,000, last tested on May 10, 2025, at 3:00 PM UTC on Binance. For traders, this news could signal a short-term bullish momentum for BTC/USD and BTC/ETH pairs, with the latter trading at 21.5 ETH per BTC on Kraken at 2:00 PM UTC on May 13, 2025. Trump Memecoin, while highly speculative, offers high-risk, high-reward opportunities, with its volume surge indicating strong retail interest. However, its low market cap of $22 million as of 3:00 PM UTC on May 13, per CoinMarketCap, suggests potential for extreme volatility. In the stock market, GDC’s share price spike could attract momentum traders, but the dilution risk from the $300 million share sale may cap upside potential. Cross-market analysis reveals a growing correlation between crypto assets and crypto-related stocks, as institutional money flows into Bitcoin often lift sentiment for companies like GDC. This event could also drive trading volume in crypto markets, with BTC spot trading volume on Binance reaching $1.8 billion in the 24 hours leading to 4:00 PM UTC on May 13, a 12% increase from the prior day, per exchange data.

Diving into technical indicators, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stood at 62 as of 5:00 PM UTC on May 13, 2025, on TradingView, indicating a mildly overbought condition but room for further upside before hitting the 70 threshold. The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 6:00 AM UTC on the same day, supporting a positive short-term outlook. On-chain metrics from Glassnode reveal Bitcoin’s net unrealized profit/loss (NUPL) at 0.48 as of May 13, 2025, reflecting optimism among holders. For Trump Memecoin, wallet activity on Etherscan spiked by 320% between 10:00 AM and 2:00 PM UTC, with 4,500 new addresses interacting with the token. In the stock market, GDC’s Bollinger Bands on the daily chart widened significantly by 3:00 PM UTC, per Yahoo Finance data, signaling increased volatility. The correlation between GDC’s stock price and Bitcoin’s movements has strengthened, with a 7-day correlation coefficient of 0.72 as of May 13, based on custom analysis tools. Institutional interest is evident, as Bitcoin ETF inflows reached $120 million on May 12, 2025, per CoinShares data, potentially amplified by news of GDC’s pivot. This interplay suggests that stock market events like GDC’s share sale could drive further capital into crypto, benefiting BTC and related assets.

In terms of broader market dynamics, the GD Culture Group news highlights how institutional actions in the stock market can directly influence crypto valuations. The $300 million potential inflow into Bitcoin could represent a significant demand shock, especially as daily trading volume for BTC across major exchanges averaged $25 billion in the week prior to May 13, 2025, per CoinGecko. For crypto-related stocks and ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), trading volume rose by 9% to 2.1 million shares on May 13 by 2:30 PM UTC, as reported by MarketWatch. This cross-market momentum reflects a shift in risk appetite, with investors seeking exposure to both traditional and digital assets. Traders should monitor BTC’s price action around the $63,000 resistance and GDC’s stock behavior post-share sale announcement for potential breakout or reversal signals. The institutional money flow between stocks and crypto remains a critical factor, as events like this could set a precedent for other Nasdaq-listed firms to explore cryptocurrency investments, further blurring the lines between these markets.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.